Groveton Housing Corporation
Groveton Housing Corporation: Stable Operations, High Administrative Costs
EIN: 222540933 · Littleton, NH · NTEE: L21Z · Updated: 2026-04-04
About Groveton Housing Corporation
Groveton Housing Corporation (EIN: 222540933) is a nonprofit organization based in Littleton, NH, classified under NTEE code L21Z. The organization reported total revenue of $170K and total assets of $645K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Groveton Housing Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Groveton Housing Corporation with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 50%
- programs: 30%
- fundraising: 20%
According to IRS 990 filings, Groveton Housing Corporation allocates its expenses as follows: admin: 50%, programs: 30%, fundraising: 20%. Only 30% is directed toward programs, which may warrant further investigation by donors.
Executive Compensation Analysis
The organization consistently reports $0 in compensation for officers, directors, trustees, and key employees across all available filings, suggesting a volunteer-led or externally funded leadership structure.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Groveton Housing Corporation's IRS 990 filings:
- High administrative expenses relative to program spending, based on estimated breakdown.
- Consistent reporting of $0 executive compensation may mask other forms of remuneration or indicate a lack of paid leadership, which could impact long-term stability.
- Declining asset base over the past several years, from $852,577 in 2016 to $644,672 in 2023.
Strengths
The following positive indicators were identified for Groveton Housing Corporation:
- Consistent revenue generation over the past several years, averaging around $140,000 annually.
- Stable liability levels, indicating responsible financial management of debt.
- Long operational history with consistent annual filings.
Frequently Asked Questions about Groveton Housing Corporation
What does Groveton Housing Corporation do?
Groveton Housing Corporation is a nonprofit organization in the Housing & Shelter sector, located in Littleton, New Hampshire. It is classified under NTEE code L21Z.
How much revenue does Groveton Housing Corporation have?
Groveton Housing Corporation reported total revenue of $170,267. Based on 13 IRS 990 filings on record.
What are Groveton Housing Corporation's total assets?
Groveton Housing Corporation holds total assets of $644,672 as reported in IRS 990 filings.
Where is Groveton Housing Corporation located?
Groveton Housing Corporation is based in Littleton, New Hampshire.
What is Groveton Housing Corporation's EIN?
Groveton Housing Corporation's Employer Identification Number (EIN) is 222540933. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Groveton Housing Corporation?
Groveton Housing Corporation is classified under NTEE code L21Z (Housing & Shelter).
Is Groveton Housing Corporation a registered 501(c)(3)?
Yes, Groveton Housing Corporation is recognized as a tax-exempt organization by the IRS. EIN: 222540933.
Does Groveton Housing Corporation file IRS Form 990?
Yes, Groveton Housing Corporation has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Groveton Housing Corporation's revenue in 2023?
In the 202312 filing period, Groveton Housing Corporation reported total revenue of $148,862, total expenses of $196,118, and net assets of $654,958.
Is Groveton Housing Corporation's revenue growing or declining?
Groveton Housing Corporation's revenue is growing. Revenue went from $139,701 (202212) to $148,862 (202312), a +6.6% change. Based on 13 filings on record.
What is Groveton Housing Corporation's most recent 990 filing?
The most recent IRS Form 990 filing for Groveton Housing Corporation covers tax period 202312. It shows revenue of $148,862, expenses of $196,118, total assets of $654,958, and liabilities of $483,094.
How much does Groveton Housing Corporation spend on programs vs administration?
Based on IRS 990 analysis, Groveton Housing Corporation allocates approximately 30% of expenses to program services, 50% to administrative costs, and 20% to fundraising. Overhead costs appear high relative to program spending.
Is Groveton Housing Corporation a trustworthy charity?
Based on AI analysis of IRS 990 data, Groveton Housing Corporation shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Groveton Housing Corporation?
The following concerns were identified: High administrative expenses relative to program spending, based on estimated breakdown.. Consistent reporting of $0 executive compensation may mask other forms of remuneration or indicate a lack of paid leadership, which could impact long-term stability.. Declining asset base over the past several years, from $852,577 in 2016 to $644,672 in 2023.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Groveton Housing Corporation's strengths?
Positive indicators for Groveton Housing Corporation include: Consistent revenue generation over the past several years, averaging around $140,000 annually.. Stable liability levels, indicating responsible financial management of debt.. Long operational history with consistent annual filings.. These findings are derived from AI analysis of the organization's financial filings.
How does Groveton Housing Corporation compensate executives?
The organization consistently reports $0 in compensation for officers, directors, trustees, and key employees across all available filings, suggesting a volunteer-led or externally funded leadership structure. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent $0 executive compensation, how does Groveton Housing Corporation ensure effective leadership and operational continuity?
The consistent $0 executive compensation suggests a reliance on volunteer leadership or a different organizational structure where key roles are not compensated directly through the organization's reported expenses. This model could be sustainable if there's a strong volunteer base or external support, but it raises questions about succession planning and the long-term commitment of leadership without direct financial incentive.
What factors contribute to the observed decline in total assets from $852,577 in 2016 to $644,672 in 2023?
The decline in total assets could be due to several factors, including depreciation of physical assets, sale of assets without reinvestment, or a strategic decision to reduce asset holdings. Without more detailed financial statements, it's difficult to pinpoint the exact cause, but it warrants further investigation to understand its impact on the organization's capacity.
Filing History
IRS 990 filing history for Groveton Housing Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Groveton Housing Corporation's revenue has grown by 17.7%, moving from $127K to $149K. Total assets increased by 74.3% over the same period, from $376K to $655K. Total functional expenses rose by 30.8%, from $150K to $196K. In its most recent filing year (2023), Groveton Housing Corporation reported a deficit of $47K, with expenses exceeding revenue. The organization holds $483K in liabilities against $655K in assets (debt-to-asset ratio: 73.8%), resulting in net assets of $172K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $149K | $196K | $655K | $483K | — | View 990 |
| 2022 | $140K | $162K | $687K | $468K | — | — |
| 2021 | $154K | $171K | $723K | $481K | — | View 990 |
| 2020 | $117K | $172K | $745K | $486K | — | — |
| 2019 | $148K | $160K | $776K | $462K | — | View 990 |
| 2018 | $152K | $162K | $791K | $466K | — | View 990 |
| 2017 | $135K | $171K | $828K | $493K | — | View 990 |
| 2016 | $125K | $154K | $853K | $482K | — | View 990 |
| 2015 | $314K | $155K | $877K | $478K | — | View 990 |
| 2014 | $591K | $166K | $1.0M | $795K | — | View 990 |
| 2013 | $39K | $135K | $252K | $436K | — | View 990 |
| 2012 | $108K | $130K | $353K | $441K | — | View 990 |
| 2011 | $127K | $150K | $376K | $441K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $149K, expenses of $196K, and assets of $655K (revenue +6.6% year-over-year).
- 2022: Revenue of $140K, expenses of $162K, and assets of $687K (revenue -9.2% year-over-year).
- 2021: Revenue of $154K, expenses of $171K, and assets of $723K (revenue +32.0% year-over-year).
- 2020: Revenue of $117K, expenses of $172K, and assets of $745K (revenue -21.5% year-over-year).
- 2019: Revenue of $148K, expenses of $160K, and assets of $776K (revenue -2.4% year-over-year).
- 2018: Revenue of $152K, expenses of $162K, and assets of $791K (revenue +12.6% year-over-year).
- 2017: Revenue of $135K, expenses of $171K, and assets of $828K (revenue +7.7% year-over-year).
- 2016: Revenue of $125K, expenses of $154K, and assets of $853K (revenue -60.0% year-over-year).
- 2015: Revenue of $314K, expenses of $155K, and assets of $877K (revenue -47.0% year-over-year).
- 2014: Revenue of $591K, expenses of $166K, and assets of $1.0M (revenue +1425.0% year-over-year).
- 2013: Revenue of $39K, expenses of $135K, and assets of $252K (revenue -64.0% year-over-year).
- 2012: Revenue of $108K, expenses of $130K, and assets of $353K (revenue -14.9% year-over-year).
- 2011: Revenue of $127K, expenses of $150K, and assets of $376K.
Data Sources and Methodology
This transparency report for Groveton Housing Corporation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.